Posts from Richard Bagnall-Smith

Where simple due diligence enhanced a professional’s relationship with his client.

Client wanted to start building an art collection and had negotiated to buy a work from an art dealer in Western Asia. His private banker was aware of the risks and asked Cadell for a second opinion. Research by a sector expert revealed that the resale value of the work would be 60% less than […]

Client suggested purchasing an antiquity and the trustee asked Cadell for a second opinion. Cadell’s sector expert’s initial review of the provenance highlighted that the work had previously been in a collection which was known to contain other works with questionable provenance. Further detailed research was then undertaken, along with interviews of all owners since […]

The principal beneficiary had negotiated what he thought was a great deal with a gallery for a work by an established artist. The asking price was over $30m so the trustee turned to Cadell for a second opinion before signing. Cadell’s sector expert quickly established that the work was not from the sought-after series the […]